HashPanda was created by a group of four engineers on May 10th, 2021, with the goal of creating a widely distributed meme token. The fact that most (meme) tokens have big individual holders, leading to unequal supply distributions and frequent whale-dumps prompted this value proposition.
The objective was to build a meme token that is more than just “another meme,” but one that adds value by combining functionality and wide dissemination. On its dApps, HashPanda distributes itself socially through community incentives, airdrops, and content/creator tipping. It’s a community-run initiative with a dedicated token pool for such incentives.
By providing dApps to a greater community user base, HashPanda provides a benefit for the PANDA token: folks inexperienced with cryptocurrencies and the Web 3.0 environment, like the MetaMask. The dApps that HashPanda now develops include meme-based higher durability, an NFT start-up pad, and a Social incentive App.
The meme-based content platform will allow creators to submit memes and users to tip & vote for memes using PANDA tokens. It is similar to 9gag with an additional crypto-reward layer that incentivizes participation and content sharing while gradually introducing Web 3.0 features. This meme platform currently offers only cryptocurrency-oriented memes, but it will quickly grow into a full-fledged decentralized version of 9gag, featuring a web & mobile application.
Moreover, HashPanda develops promotional activities to navigate new users to cryptocurrencies, explore the importance of cryptography, and aggressively illustrate ways cryptocurrencies can add value (via interactive apps). Through the use of videos, infographics, and by involving our community (rewarded with tokens), we help introduce users to the possibilities of Web 3.0.
HashPanda token holders are enabled to enjoy liquidity-locking and auto-yield farming courtesy of its token. 40% of its supply has been allocated to public distribution, which proceeds within the first 4 to 8 weeks after launching.
In addition to interactive rewards, airdrops, and giveaways, rewards for transactions on BSC, rewards for transactions with PANDA, and rewards for contributors, this distribution takes various forms.
In order to achieve HashPanda’s goal of becoming the “most decentralized meme token,” it is creating a decentralized token-holder base. By using a controlled push-based distribution model, HashPanda utilizes a fair and sustainable token distribution mechanism. Actors are randomly selected on Binance Smart Chain and rewarded with tokens even if they do not contribute to it. This provides a low-risk means for maintaining the utility value of PANDA’s tokens, which is a requirement for parts of the dApp.
Check out the Panda Features
Yield-farming, automatic liquidity locking, and the utility of dApps
Users and holders of tokens can benefit from these token features.
A set of utilities for dApps
An auto-yielding system
The HashPanda Distribution process
A community-based distribution system
Distribution of programs
Reward programs for the community
A few of the HashPanda benefits
HashPanda token holders will be able to reap a variety of benefits
An even distribution
Raise the floor price
Providing anti-whale protection
HashPanda Aiming to be the most decentralized meme token
There are 28% of DogeCoins owned by the biggest holder. Judging by the available liquidity today, just this one individual could crash the price by approximately 96%. This is a huge problem and is a bad foundation for any significant token (or even a meme).
We want HashPanda to be a disruptive force in the industry. A fair and sustainable token distribution cannot be achieved by launching a token with a comical meme (a dog breed, cat, a rocket, moon, Elon, or some combination thereof). but by focusing on the development of an appropriate token. HashPanda’s unique value proposition goes beyond our utility aspect.
This is HashPanda’s most unique value proposition, beyond its utility benefits. It is our aim to distribute our token as evenly as possible among all users, making sure that it is fair and decentralized.
Distribution: Push vs. Pull
It is not feasible for us to wait for holders to visit us. For “fairness”, the maximum number of tokens for the individual buyers would have to be controlled with mechanisms. We have created a push-based solution, where HashPanda distributes tokens directly to Binance Smart Chain users (Using the airdrop method).
Using random algorithms, HashPanda selects users randomly that engage with the BSC (it is kin to note that all BSC transactions are public by default) for PANDA tokens. Regardless, HashPanda will pay the network commission out of its own pocket for now, since HashPanda’s primary objective and immediate goal is to reach hundreds of thousands or even millions of users.
Using an innovative approach
Our research indicates no similar project has done something like this before (Correct me if I am wrong). A handful of other approaches existed, however, the high costs of gas and network impeded their use at certain scales. Nonetheless, it is possible that this will become the norm for the launch of newer eco-systems (for example, BSC, Solana, Fantom, Avalanche). Approximately $0.3 is the network transaction fee for BSC, which is somewhere between Ethereum and Solana.
The PANDA service is free of charge. HashPanda’s ultimate objective is to establish a balanced and widely dispersed meme token with a decentralized holder base as feasible. This is accomplished by applying a previously unused concept of compensating users “randomly” (because of expensive network expenses). During a short period of time, HashPanda aims to become the most decentralized meme token of all cryptocurrencies.
Where and how can I purchase Panda Tokens?
The Binance mainnet now supports the Panda token. This token’s address is 0x8578eb576e126f67913a8bc0622e0a22eba0989a. Make sure not to purchase any other token with a contract that is not the same one offered here (To avoid getting the wrong token for yourself). Check your wallet to see if there are enough BNB to cover the transaction fees. (BNB is mentioned here because that is what I use Mostly for my Transaction).
There is also the option of buying a cryptocurrency, such as Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and so on.
The current ranking of PANDA on CoinMarketCap is 2840.
In contrast to most other major cryptocurrencies, Panda cannot be purchased with fiat money, but it has been listed on several crypto exchanges.
Is PANDA available for cash purchases?
In Europe, what is the fastest way to purchase PANDA?
What other platforms are available to buy PANDA or Bitcoin with a credit card?
Is PANDA available for cash purchases?
A cash purchase of PANDA is not possible. To complete the transaction, you need to transfer Bitcoin to the respective AltCoin exchange using an online marketplace such as LocalBitcoins, which allows you to buy Bitcoin.
Unlike other cryptocurrency exchanges, LocalBitcoins offers a unique, localized experience. The firm, based in Helsinki, Finland, has a peer-to-peer Bitcoin trading platform. With LocalBitcoins, registered users can buy, sell, and advertise Bitcoins without needing to use a CEX exchange.
LocalBitcoins allows the seller to set terms for the transaction. A few reasons make the platform a competitor to Amazon. Sellers specify the exchange rates and the payment methods they accept, and buyers must adhere to these. 1% of each transaction is charged by the platform.
Buyers and sellers can meet in person to trade Bitcoins after a deal has been made. Following the deal, both parties can review the other party, which builds trust on the platform. The exchange also provides an escrow service and a dispute resolution team. So, over 110,000 users trade Bitcoin every day on LocalBitcoins.
In Europe, what is the fastest way to purchase HashPanda?
In fact, eurozone countries are generally one of the easiest places to buy cryptocurrencies. It’s even possible to open an account with online banks and transfer money to exchanges such as Coinbase and Coinmama.
What other platforms are available to buy PANDA or Bitcoin with a credit card?
The following 4 websites are the best places to purchase bitcoin with your credit card.
With the introduction of credit cards, it is becoming easier and easier to purchase Bitcoin. Anti-fraud companies have Minimized the problem of chargebacks, and more exchanges are accepting credit cards as payment options.
In the end, you should do your research so you understand how the company operates and how to go about buying bitcoin.
eToro provides a range of services, including an exchange, wallet, CFD trading platform, and trading platform for cryptocurrencies. eToro features a relatively low fee system for trading cryptocurrency using a credit card. Though the platform allows for the withdrawal of actual coins, it has more of an edge in speculative trading.
For those just starting out with bitcoin trading, eToro’s website contains a substantial amount of information on buying bitcoin. The Financial Conduct Authority (FCA) regulates eToro in the UK, and the money is deposited in tier one European banks. eToro is a non-fee exchange that allows deposits to and withdrawals from external wallets, unlike others on this list.
Currency.com is a licensed cryptocurrency trading platform. As a result of a solid mix of financial and technical expertise, coupled with a high level of security and regulation, this exchange offers a broad spectrum of opportunities – but, as a decentralized exchange, there is no privacy (in contrast to many other cryptocurrency exchanges platforms).
Currency.com was first launched in Belarus in 2019 and is regulated by the Belarus High Technology Park.
In addition to competitive spreads and leverage up to 1:500, Currency.com is focused on facilitating liquidity and fast order processing (50 M/sec). With it, you can get real-time price alerts, stop-loss protection, and protection against negative balances. This program offers 75 accurate technical indicators, two-factor authentication (2FA), and account security. According to reports, the platform is fully regulated and there are no hidden fees.
In 2014, CoinCorner established itself as a Bitcoin broker based in the Isle of Man. The exchange provides services to a variety of countries around the globe. Bitcoin can be purchased without verification for as much as €1000 at very competitive fees. You can also send and receive Bitcoins from your CoinCorner account via the CoinCorner mobile app.
When one searches for reputable exchanges to buy cryptocurrencies, Bitpanda is one of the most prominent names.
With BitPanda, traders in the Eurozone can buy and sell Bitcoin within the cryptocurrency space. Established in late 2014, the company has become a popular source for the purchase of bitcoins in Europe. In the EU, it’s one of the cheapest ways to buy Bitcoin with a credit card or SEPA transfer.
There is a 1.49% fee for buying and selling cryptocurrencies on Bitpanda. Nevertheless, the fees are already automatically rolled into the price and are therefore somewhat invisible to the user.
Depending on the level of privacy selected, users can buy bitcoin with a verified email address, but can only sell a limited amount. After providing your ID, you can purchase bitcoin using a credit card and substantially more using alternative payment methods.
With Robinhood, users can buy and sell bitcoins at no charge.
As the company has only rolled out a web version, it was initially only mobile-based, making it more accessible for clients who are more at ease using their phones to track their finances.
Is HashPanda a scam
The fact that no negative remarks or reports about whether HashPanda is a scam or not that has been found anywhere prove it is a trustworthy investment which new investors can take up the risk prior to HashPand affordable fee.
On checking a number of websites and online resources, it appears that this HashPanda Token service is both secure and legit. It is also advantageous because the transaction costs a reasonable amount. You can always see the latest performance updates and inputs online, making it a great deal. Risk is part of investment and when a good option offers the least risk, one should explore it.
ALERTE:The content provided does not constitute financial advice and is designed solely for informational purposes. Investing in cryptocurrency is extremely risky. It is important that you know the risks involved so that you are accountable when it comes to your money.